LTC Bullish Patterns with Eliot Analysis
As the chart illustration on larger time frame we could see cup and handle with target approximately between $238 and $241 the handle could be proof with Rising Wedge, which built the half of handle, next, the price has backed on the support line which has been made a cup and handle.
In addition, the first wave which based on the changing trend in price ($104) could illustrate other Eliot waves via Fibonacci Retracement and Fibonacci Extension moreover we should see on chain data, also BTC.D chart must be checked.
moreover, indicators such as RSI on 4H and daily time frame show us bullish trend on price.
To Sum Up, LTC could be bullish incase BTC.D must be bearish also drop to 42(on BTC.D chart).Other fact that we should check the on chain data.
In addition, the first wave which based on the changing trend in price ($104) could illustrate other Eliot waves via Fibonacci Retracement and Fibonacci Extension moreover we should see on chain data, also BTC.D chart must be checked.
moreover, indicators such as RSI on 4H and daily time frame show us bullish trend on price.
To Sum Up, LTC could be bullish incase BTC.D must be bearish also drop to 42(on BTC.D chart).Other fact that we should check the on chain data.
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